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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: Originating Presented By: Agenda Item No.: <br />4-7-2008 Department: <br />Council Date: Gene Anderson 27 <br />4-14-2008 Finance <br />RECOMMENDED MOTION: <br />Move to approve the special financial report as presented. <br />POLICY ISSUE(S): <br />Fiscal Mana ement <br />BACKGROUND: <br />At the March 10`" meeting the Comprehensive Annual Financial Report (CAFR) was <br />presented to the City Council. Tom Hensel of McClanahan and Holmes, LLP discussed <br />how to read and find information in the report. Although some items were discussed in <br />detail, it has been pointed out that there were no general statements made about the <br />financial condition of the city. This brief report is intended to make those general <br />statements about the City's financial condition. <br />BOARD~COMMISSION RECOMMENDATION: <br />NA <br />EXHIBITS: (A) Page 1 of the 2006-07 CAFR Management Discussion and Analysis (B) <br />City-Wide Revenues vs. Expenditures from 2001 through 2007 (C) Status of the City's <br />Consolidation Cash account over the last five years. <br />FISCAL NOTES: <br />None. <br />REVIEWED AND APPROVED BY: <br />® Administration ®City Clerk ^ Community Development ^ EMS/IT ®Finance ^ Fire <br />^ Municipal Court ^ Legal ^ Libtary ^ Police ^ Eng./Public Works ^ Utilities <br />ACTION: BUDGET INFO: <br />® Financial Report ®Minute Order Expense $ NA <br />^ Department Report ^ Resolution Budgeted Amt. $ NA <br />^ Presentation ^ Ordinance YTD Actual $ NA <br />^ Public Hearing ^ Other Acct. Name NA <br /> Acct. Number NA <br />City of Paris <br />i~ <br />Revised 2/04/08 <br />